China to get VAT as part of tax reform
Tweet China’s businesses and consumers are to get the tax we in the west love to hate – VAT. It goes under different names in the west of course –…
Methanol futures trading to start in China
Tweet The Zhengzhou Commodity Exchange(ZCE) in the Henan province of China is to start trading methanol futures after the China Securities Regulatory Commission (CSRC) approved the proposal on Monday. The…
Diesel shortages start to bite in China
Tweet Chinese industry and private motorists are claiming that the country is fast approaching a fuel crisis with shortages being seen at gas stations in the major cities. Many service…
Xinyi Solar flotation going ahead despite solar market challenges
Tweet Xinyi Glass yesterday indicated that it was proceeding with its spin-off of its solar business. The announcement came on the same day that Comtec Solar released disappointing third quarter…
More power blackouts in China this winter
Tweet The Chinese public are being prepared for more power shortages and electricity blackouts this winter as demand is again expected to outstrip supply. Tan Rongyao, a spokesman for China’s…
China’s fuel price controls to cost PetroChina USD7.8 billion
Tweet PetroChina, China’s second-biggest refiner, has said it will incur effective refining losses of over USD 7.8 billion (50 billion yuan) this year if global oil prices remain at current…
Chinese energy consumption growing at 12%
Tweet China’s energy usage is growing faster than its economic growth rate, raising fears that it is becoming less energy efficient at a time when the country is trying to…
